Home > General Topics > Wall St. News > Saudi Arabia king offers $150BN for facebook

Saudi Arabia king offers $150BN for facebook

  1. This is just getting crazy

    I mean WTF????

    http://www.tehrantimes.com/index_View.asp?code=236523

    Saudi king to buy Facebook to end the revolt: report



    In what is being termed as pure Wall Street Gordon Gecko tactics, King Abdullah of Saudi Arabia has decided to make an offer of $150 billion to buy out Facebook.


    Inside sources within the kingdom suggest that the King is very upset with Mark Zukerberg for allowing the revolt to get out of control, Ahlul Bayt News Agency reported.

    In a personal meeting between Mark Zuckerberg and King Abdullah on Jan 25, 2011, Zuckerberg had promised that he would not allow any revolt pages to be formed on Facebook even while he allowed Egypt and Libya revolt pages to be formed.

    Left with no option, Abdullah advised by Goldman Sachs has decided to buy out Facebook and “clean out the weeds”. The offer on the table is $150 billion. Facebook balance sheet was shown to King Abdullah and his kingdom advisors had mentioned that it is not even worth $1 billion given that it generates no profit. But the King threw the report into the dustbin and fired his advisors and decided to hand over the investment banking mandate to Goldman Sachs who put the value at $150 billion. The deal will be all cash.

    Most analysts believe that Zuckerberg will not take the offer and will wait for King Abdullah to up the offer to at least $500 billion. In the meanwhile king Abdullah has now logged on the Facebook and was busy profiling some of the models in the Goldman Sachs presentation.

    Plans to provide cheap land for housing

    In another development, minister of Municipal and Rural Affairs Prince Mansour bin Miteb said the government is striving to make affordable housing plots available for citizens.

    “The Ministry of Municipal and Rural Affairs has allocated 130 plots for the General Housing Authority,” said Prince Mansour, adding that the task of making land cheaper needs the efforts of many government departments.

    The prince said the housing authority, which has many plots of land left over from older allocations, will strive to provide houses to as many citizens as possible in all provinces. He added that a few housing projects were implemented in an unscientific manner and had to be redesigned.
     
  2. Lol.....what is that dickhead going to offer for You Tube and Twitter etc ?:D


    btw...all gathering and public protests has now been banned in Saudi.
     
  3. Yes friday is day of rage in saudi
     
  4. Read this:

    Facebook balance sheet was shown to King Abdullah and his kingdom advisors had mentioned that it is not even worth $1 billion given that it generates no profit. But the King threw the report into the dustbin and fired his advisors and decided to hand over the investment banking mandate to Goldman Sachs who put the value at $150 billion.
     
  5. Somebody has $500 Billion for facebook and somebody is dying everyday. Definately revolution in Saudi Arabia.
     
  6. Sounds like there's going to be some trouble in Saudi. Wow!

    Offering $150B for sleazebook? Wow!!!!! Talk about running scared!

    And wouldn't you know it. Goldman crooks in the middle of the deal! Lol!!!!! The scumbags!
     
  7. You guys don't really believe this "story" do you?? :p :p :p
     
  8. SOLD!

    put it on his diners club :D
     
  9. no but it is amusing.:)
     
  10. 150 b to cheap housing or even free would quell the riots immediatety
     
  11. when a flock of pigs fly by while I'm in the hot tub w/ angelia jolie i'll believe it.
    maybe bush had something to do with it......
    and kevin bacon:confused:
     
  12. Saudi Arabia king offers $150BN for facebook


    No, the report got this wrong. The corrected story is:

    Facebook offers $150BN for Saudi Arabia


    :)
     
  13. We need to send our troops into Arabia and take out their terrorist dictators.

    God bless Israel and America.
     
  14. $20 to anyone who can tell the different between any saudi woman on Facebook
     
  15. $150B? Well, if unrest continues, crude easily passes 147 mark and he will have no problem buying it.

    Actually, it's kinda disturbing, if true or even anywhere near the ballpark, that he would have that much cash to buy it from selling oil to the rest of us. At 100/bl, they are pulling in about $1B a day from exports.
     
  16. can i short it?
     
  17. It's funny knowing that every day I wake up my chances of seeing something crazier than the day before are pretty good.
     
  18. It's funnier knowing that the competition (other traders) believe this crap.

    The Tehran Times ??? That's quite a reputable source. :D
     
  19. This is not the REAL story...

    The Real Story is that the King Offered to Adopt Zuck and make him the heir apparent as a buyout...

    I know because i was there and i speak and write Farce fluently... !!
     
  20. Even though this is a joke, I think the recent events proved social media specifically facebook is a lot more powerful than bombs and armies in this day and age.

    I would be very surprised if the intelligence communities around the world isnt having some sort of discussion on how to control/hack it.

    Imagine if facebook is controlled by our government, they could force regime changes without firing 1 bullet or spend 1 dollar.

    It will only become more powerful as we move forward.
     
  21. They will eat themselves alive. Best to just leave them alone and reduce our oil use. They are not capable of self rule and their angry religion will keep them at each others throats. They will have an endless revolution until another dictator puts them in their place.

    I'd think out of all of them, the Persians are capable to join humanity in the the 21st century, if they can beat off the arab rule and muslim religion.
     
  22. How much Saudi king will offer for elitetrader and other countless forums? They have more information than facebook and twitter.
     
  23. Report: Saudi Facebook activist planning protest shot dead

    Riyadh/Cairo - Saudi activists alleged Wednesday that state security shot dead a leading online activist, who was calling for a 'Day of Rage' on March 11 in the oil-rich kingdom.

    Faisal Ahmed Abdul-Ahadwas, 27, was believed to be one of the main administrators of a Facebook group that is calling for protests similar to that have swept North Africa and the Middle East.

    The Facebook group, which has over 17,000 members, is calling for nationwide protests and reforms, including that governors and members of the upper house of parliament be elected, the release of political prisoners, greater employment, and greater freedoms.

    Online activists said they believe Abdul-Ahadwas was killed by state security and that his body was taken by authorities to 'hide evidence of the crime.'

    They argued he was killed because of 'his commitment to a better future for his country

    http://www.monstersandcritics.com/n...-Facebook-activist-planning-protest-shot-dead
     
  24. Saudis mobilise thousands of troops to quell growing revolt

    Saudi Arabia was yesterday drafting up to 10,000 security personnel into its north-eastern Shia Muslim provinces, clogging the highways into Dammam and other cities with busloads of troops in fear of next week's "day of rage" by what is now called the "Hunayn Revolution".

    Saudi Arabia's worst nightmare – the arrival of the new Arab awakening of rebellion and insurrection in the kingdom – is now casting its long shadow over the House of Saud. Provoked by the Shia majority uprising in the neighbouring Sunni-dominated island of Bahrain, where protesters are calling for the overthrow of the ruling al-Khalifa family, King Abdullah of Saudi Arabia is widely reported to have told the Bahraini authorities that if they do not crush their Shia revolt, his own forces will.

    The opposition is expecting at least 20,000 Saudis to gather in Riyadh and in the Shia Muslim provinces of the north-east of the country in six days, to demand an end to corruption and, if necessary, the overthrow of the House of Saud. Saudi security forces have deployed troops and armed police across the Qatif area – where most of Saudi Arabia's Shia Muslims live – and yesterday would-be protesters circulated photographs of armoured vehicles and buses of the state-security police on a highway near the port city of Dammam.

    If the Saudi royal family decides to use maximum violence against demonstrators, US President Barack Obama will be confronted by one of the most sensitive Middle East decisions of his administration. In Egypt, he only supported the demonstrators after the police used unrestrained firepower against protesters. But in Saudi Arabia – supposedly a "key ally" of the US and one of the world's principal oil producers – he will be loath to protect the innocent.

    http://www.independent.co.uk/news/w...f-troops-to-quell-growing-revolt-2232928.html
     
  25. For past some 20 years Osama bin laden has been seriously trying to overthrow the Saudi royal family. Osama will be the leader/commander for Saudi Arabia revolution. Osama was born in Saudi Arabia and he will die in Saudi Arabia.
     
  26. +1
     


  27. Why don't you mediate a deal between Baron and the Saudi King , who knows Baron may give you a couple of Mils. as a bonus:D
     
  28. How old are you and is English your native language?

     
  29. How The World Almost Came To An End At 2PM On September 18

    If they had not done that, their estimation is that by 2pm that afternoon, $5.5 Trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.

    On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.

    http://zerohedge.blogspot.com/2009/02/how-world-almost-came-to-end-at-2pm-on.html
     
  30. I believe the CIA was involved with Facebook rather fast in it's development actually.
     
  31. Year 2010, world oil business was $2.7 Trillion but Forex transactions are worth $1,100 Trillion per year.

    Why do world people give high importance to Oil/petrol?
     
  32. Google cooperates with NSA, CIA.
     
  33. The CIA gave venture capital for them in the early days... Basicly they are investors in FB....
     
  34. Obama asks Saudis to airlift weapons into Benghazi

    America's secret plan to arm Libya's rebels

    Desperate to avoid US military involvement in Libya in the event of a prolonged struggle between the Gaddafi regime and its opponents, the Americans have asked Saudi Arabia if it can supply weapons to the rebels in Benghazi. The Saudi Kingdom, already facing a "day of rage" from its 10 per cent Shia Muslim community on Friday, with a ban on all demonstrations, has so far failed to respond to Washington's highly classified request, although King Abdullah personally loathes the Libyan leader, who tried to assassinate him just over a year ago.

    Washington's request is in line with other US military co-operation with the Saudis. The royal family in Jeddah, which was deeply involved in the Contra scandal during the Reagan administration, gave immediate support to American efforts to arm guerrillas fighting the Soviet army in Afghanistan in 1980 and later – to America's chagrin – also funded and armed the Taliban.

    But the Saudis remain the only US Arab ally strategically placed and capable of furnishing weapons to the guerrillas of Libya. Their assistance would allow Washington to disclaim any military involvement in the supply chain – even though the arms would be American and paid for by the Saudis.

    The Saudis have been told that opponents of Gaddafi need anti-tank rockets and mortars as a first priority to hold off attacks by Gaddafi's armour, and ground-to-air missiles to shoot down his fighter-bombers.

    US military planners have already made it clear that a zone of this kind would necessitate US air attacks on Libya's functioning, if seriously depleted, anti-aircraft missile bases, thus bringing Washington directly into the war on the side of Gaddafi's opponents.

    http://www.independent.co.uk/news/w...secret-plan-to-arm-libyas-rebels-2234227.html
     
  35. The king then fired his advisors, threw it into the dustbin.... personal meeting with Zuckerburg on 1/25/11 (a meeting that was missed by everyone else in the world except for Iran's media)... this is not real.
     
  36. $150 billion?!!?!?!? geezus...for FACEBOOK?!??!
    end world hunger..rack up 150 gazillion karma points!